DOHA, Qatar: In a concerted effort to support the growth of the capital markets industry in Qatar and the region through skills and knowledge development, Qatar Exchange (QE) in collaboration with QFBA organised an exploratory session to understand the learning requirements of the sector at the QFBA learning facilities in West Bay, Doha.
Experts and leaders from financial institutions in Qatar engaged in work groups facilitated by QFBA officials to help them draw out the critical development issues surrounding the roles and functions related to the strategic development plans as presented by Qatar Exchange.
Out of the exercise, a number of important areas were identified around which specialised learning programmes will be built to fill in the gap in behavioral and technical skills. These areas include Understanding Financial Markets, Exchange Listed Products, Portfolio Management, Derivatives, Operations/Back Office and Financial Analysis.
CEO of Qatar Exchange Andre Went presented a brief introduction about QE's strategy and future plans based on the strategic partnership agreement signed between Qatar Government and NYSE Euronext in the past year.
Commenting on this first crucial step towards a clearer understanding of the sector's learning needs, Mr Went said: "Qatar Exchange is aiming to achieve several strategic goals such as attracting more investors, increasing the liquidity in the market, and contributing to the transformation of Qatar into a regional hub and Doha into an international financial center."
He added that "these objectives will be supported by specialized training and educational programs in coordination with our local and global partners."
Greg Cooper, Director of Open Programmes at QFBA, remarked: "Being able to help Qatar Exchange to develop a learning regime of this nature focusing on the sector is a wonderful opportunity not only for us but for market participants as a whole."
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About Qatar Exchange:
Established in 1995, the Doha Securities Market (DSM) officially commenced operations in May 1997. Since then the exchange has grown to become one of the leading stock markets in the GCC region. Following a strategic partnership agreement between Qatar Holding and NYSE Euronext in June 2009, the DSM was renamed the Qatar Exchange (QE). QE currently has 43 listed companies and its market capitalization (end of 2009) is around QR320 billion (US$88 billion). The primary aim of QE is to support Qatar's economy by giving investors a platform through which they can trade fairly and efficiently. QE also provides the public with access to market information, ensures correct disclosure of information, and enforces securities regulations. QE is regulated by the Qatar Financial Markets Authority. For more information, please visit: www.qe.com.qa
QFBA
QFBA is a learning and development organisation based in Qatar offering financial services learning and research around the critical issues facing professionals and organisations in the current and future global business environment. Through its partnership with the Qatar Foundation and the QFC Authority, QFBA provides learning solutions for entry-level to senior executive professionals in essential financial disciplines within the sectors of banking, asset management, capital markets, insurance and financial services leadership. QFBA also provides expert coaching and development for all participants that help to map their individual learning journeys. QFBA's senior management and leadership team are drawn from world-class business schools such as Columbia, INSEAD, IESE and London Business School.
www.qfba.edu.qa
QFC Authority
The QFC Authority is the commercial, administrative and legislative body of the QFC which is responsible for driving its commercial strategy, developing its commercial laws and forging relationships with the global corporate community and other key institutions both within and outside of Qatar. The QFC is a financial and business centre established by the Government of Qatar and located in Doha. It has been designed to attract international financial services institutions and major multi-national corporations and to encourage participation in the growing market for financial services in Qatar and elsewhere in the region. The QFC operates to international standards and provides a first class legal and business infrastructure for those operating within the QFC. The QFC was created by Qatar Law No. (7) and has been open for business since 1 May 2005.
www.qfc.com.qa
Qatar Foundation for Education, Science and Community Development
Qatar Foundation is a non-profit organisation focusing on education, scientific research and community development. Under Qatar Foundation's umbrella are Education City which comprises elite universities, several academic and training programmes and Qatar Science and Technology Park which boasts more than 21 world class companies involved in scientific research and development.
Chaired by Her Highness Sheikha Mozah bint Nasser Al Missned, Qatar Foundation also aims to enhance lives through community development initiatives including Doha Debates, Reach out To Asia and Al Jazeera Childrens Channel. Joint venture partnerships in the areas of design, ICT, telecommunications, policy studies and event management contribute to fulfilling the objectives of the Qatar Foundation.
www.qf.com.qa
Media contact:
Susan Lansing
Director, Corporate Development
QFBA
T +974 4496 8341
F +974 4496 8334
E s.lansing@qfba.edu.qa
Jamal Rehawi
Media Advisor
Qatar Exchange
T +974 4433 3103
F +974 4433 3101
E jamal@qe.qa
© Press Release 2010
